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Greater Capital Area Association of Realtors®

FHA to Make Financing Easier for Condo Owners

Aug 21, 2019

The Federal Housing Administration (FHA) has finally issued a long-awaited update to its condominium rules, which take effect Oct. 15, 2019, announcing that it will now allow individual unit approval. FHA is also taking other steps to loosen requirements that make these properties eligible for FHA financing. The National Association of REALTORS® (NAR) applauded the ruling. Read more.